Albany, New York, Feb. 05, 2018 (GLOBE NEWSWIRE) -- In the largely consolidated competitive landscape for the global hydrogen peroxide market, wherein only a handful of players collectively take up a lion’s share in the overall market, consistent investments with the aim of expanding production capacities is a popular strategy, observes Transparency Market Research in a recent report. With the view of capitalizing on potential opportunities in emerging economies and improving their operational and financial performance, companies are also looking at forging partnerships and acquiring local players across lucrative regional markets.
According to the report’s author, companies could also benefit from the implementation of effective marketing and sales strategies, such as collaborations with channel distributors, and selling via technical experts and product-focused specialists. Along with a larger coverage of the global market, these strategies could also ensure companies to make their service quicker, strengthen their technical base, and make product portfolios more impressive. Some of the leading companies in the market are Arkema S.A., Evonik Industries AG, Solvay S.A., and Mitsubishi Gas Chemical Company.
Transparency Market Research estimates that the global hydrogen peroxide market had a valuation of US$2.44 bn in 2016 and is anticipated to reach US$3.68 bn by 2025, expanding at a CAGR of 4.7% between 2017 and 2025.
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Asia Pacific Market to Provide Promising Growth Avenues, thanks to Increased Uptake of Paper Products
In terms of application, the global market for hydrogen peroxide presently earns the majority of its revenue from the paper and pulp industry, trailed by the chemical segment. The paper and pulp industry is likely to remain lucrative for the global hydrogen peroxide market in the next few years as well.
Regionally, the market in Asia Pacific presently accounts for the dominant share in the global market. High demand from the steadily expanding paper and pulp industry in the region led to increased demand for hydrogen peroxide. While the region is likely to remain lucrative in the next few years, thanks to the highly attractive market in China, the rising demand for consumable water, and increased awareness about the need for wastewater treatment, the markets in North America and Europe are also expected to remain promising.
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Increased Usage across Wastewater Treatment Industry to Spell Growth for Market
Considering the vast usage of the compound as a bleaching agent across numerous applications in paper and pulp industry, steady expansion in demand for paper and pulp, especially across developing economies such as India and China, will subsequently lead to promising growth avenues for the global hydrogen peroxide market in the near future. This especially applies to paper products and publications such as magazines, tissues, and board paper that require a brighter shade of white. Moreover, the increased usage of hydrogen peroxide in the production of propylene oxide, which is an organic chemical widely used as a reaction intermediate for the production of several polyols and glycols, could also benefit the global market.
Apart from this, the global market for hydrogen peroxide is also experiencing a surge in the overall demand across other core end-use industries, including mining, chemical production, and wastewater management. The increasing applications of hydrogen peroxide in the wastewater management sector are also expected to drive the market towards a positive growth path in the near future. A vast surge in wastewater management projects across countries with a surging industrial sector is expected to allow for increased consumption of hydrogen peroxide in the near future. Looking at current trends, it can be safely assumed that wastewater treatment and paper and pulp industries will remain the most lucrative end-use application sectors for the market in the near future.
This analysis of the global hydrogen peroxide market is based on a recent market research report by Transparency Market Research, titled “Hydrogen Peroxide Market (Application - Paper and Pulp, Chemical, Waste Water Treatment, and Mining) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”
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Key Takeaways:
- Paper and pulp industry to continue to account for a large share in total global consumption of hydrogen peroxide
- Rising usage of hydrogen peroxide in production of propylene oxide to spell growth for market
For the study, the global hydrogen peroxide market has been segmented as follows:
Hydrogen Peroxide Market – Application Type Analysis
- Paper & Pulp
- Chemical
- Waste Water Treatment
- Mining
- Others
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